Do we really need a lot of Cryptocurrencies?

[JollyGood]

I have no problem with market competition.

The weak and failed will fade out and the strong will shape this future of crypto.

[Cryptolord_ng]

I think the reason why we have a lot of cryptocurrency is the greediness of people, everybody wanna create his/her own currency no body wanna adopt other currency. The time shall comes when only the strongest currency will survive and others will not have the chance to see the spotlight

[opalet]

There can't be it that we will need a lot of different cryptocurrency. It seems to me that it will be very inconvenient. There have to be about 10 main cryptocurrencies for use.

[Glomerulus22]

No, of course not, only the strongest coins or the coins with great world usecases, the others will die in the near future.

[arjuna BTC]

We need this to have a competition so developers will trigger to do their jobs. And if there is no competition there is no market. If there is no market there's no fund for development of bitcoin.

but, now cryptocurrencies is more than enough,, and a lot of dev gone after their project dead and have no value,,
so, in my opinion we need only a few solid altcoins with serious dev my friend,,
because depends at coinmarketcap for now its more than 2000 crypto in the markets,,
and a lot of them have no value

[bitcoin31]

I don't think we need a lot of cryptocurrency coin , because now they have thousands and still counting for sure but maybe they have still helpful even the coin is not potential because all we need is the cryptocoin who are potential to increase in the future.

[TheReverend]

in my opinion while the project has a useful impact and effect in the future it doesn't matter how much the amount will be if it is useful, of course it will be used, if the project is not useful it will die, we can see the number of altcoins that are no longer available, they really a scam in less than 1 year, and those who survive are worth coins.

[Denton]

No, we do not need a large number of cryptocurrencies. The main thing is that the project that issued the coins was a worker and his coin could be used inside his platform. After all, now there are so many projects that do not require a blockchain, they use it only to raise funds and, accordingly, their token will not cost anything.

[Leah38]

I would say yes. The more altcoins out there, the more to choose. Competition is good on a business. There's the urge to make their product stand out and that's a advantage to the investors once you now what ICO to invest. The better the product, the more profit ad usage it will have.

[KofiAdepa]

Well I will prefer quality either than quantity. you might not agree with but  I think many cryptocurrency are going down the drain just like that with the motive that the new coin will be worth much than the previous.

[JollyGood]

We need innovation and that comes from competition in crypto

[jpaul]

Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.

But, do we need lots of cryptocurrencies?

More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?

We don't really need them but once human greed comes out to play then there is no telling what will happen. Even now that we already have so much coins in the market, you are still seeing people bringing in their own coins not minding whether it is the clones or the same thing as coins that have already being in the market as long as they are making money

[JollyGood]

We need innovation and that comes with among other things - competition and free market.

Do we need that many coins? No we do not but we cannot stop it.

[sergey1301]

I think that, Yes unambiguously! Than they will be more than will be popular, cryptocurrency. And this will accelerate its development.

[LeoEspansq]

Blockchain will disrupt these industries Banking and Payments, Insurance, Voting, Forecasting, Government, Crowdfunding, Retail, and Real Estate. Yes, we knew this that blockchain will play a big role in the future of those industries and it's a revolutionary.

But, do we need lots of cryptocurrencies?

More and more companies or startup companies were developing their own cryptocurrencies and a lot more in the future but what's the point of creating or developing it? Maybe we only need 1 for every industry but why does almost everyone develop their own cryptocurrency?

This is a competition, everyone wants to become a leader in a particular idea and get a lot of demand, and therefore profit. Everything as in any business, only the most capable and advanced in technology will survive, and for any investor it is only good luck when you can choose from several.

[kicauklaten]

though many cryptos in the market but there is demand in the market that will select the number of coins. certainly, the market will be juxtaposed can know where the best crypto and which ones will just be shitcoin. a lot of the crypto there is still enough needed due to likely among the emerging new crypto there could be better or has the quality of biting with another crypto's been great at this time.

[UnDerDoG81]

though many cryptos in the market but there is demand in the market that will select the number of coins. certainly, the market will be juxtaposed can know where the best crypto and which ones will just be shitcoin. a lot of the crypto there is still enough needed due to likely among the emerging new crypto there could be better or has the quality of biting with another crypto's been great at this time.

There are many crypto that bring value to businesses and businesses that people rarely use or know about. So they do not pay much attention to the coin, but the coin is still needed, because the demand from the business

[Ward]

We need few blockchain companies in every industry, but today every company can strat ICO. Due to this we can see 1600 tokens and coins.

[wayaneka]

Almost every day there are new crypto entering the market, and this requires a greater demand, if not the total supply of all crypto with unbalanced with demand and this will cause crypto prices will going to fall. Many new crypto only copy from existing crypto, and this causes the supply to continue to grow without increasing demand. I think we not need new crypto everyday but we should be more focus to promote old crypto to new people around the world.

[cescudero95]

The same as products, technologies, etc, in a free market currencies also compete for adoption/dominance.  That is why throughout history things such as gold/silver were generally dominant because of their properties, being exceptional for use as a medium of exchange.  Digitally, the question is, which currency will satisfy all of those properties?